Home / News / Crops news / Corn, soybean markets to drop Wednesday

Corn, soybean markets to drop Wednesday

02/05/2014 @ 7:41am

On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start weaker.

The early calls for the commodities on Wednesday, February 5, 2014, are lower. Corn is seen opening 2-4 cents lower, soybeans 4-6 cents lower, and wheat 4-6 cents lower.

In overnight trading, the March corn futures contract traded 2 cents lower at $4.39 per bushel. March soybean futures traded 4 3/4 cents lower at $13.08. The March wheat futures contract traded 4 1/4 cents lower at $5.80. For March soybean meal futures, the contract traded $5.50 per short ton lower at $441.50; March soybean oil futures traded $0.03 higher at $37.74.

The outside markets are favorable for Wednesday's grain trade. The real factors driving the calls will be the lower overnight markets.


Discuss the corn, soybean and wheat markets in Marketing Talk.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybean, Corn Markets Close Lower By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and corn markets closed lower…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Wheat Closed 13¢ Lower By: 01/28/2015 @ 8:53am DES MOINES, Iowa (Agriculture.com)—As the CME Group’s wheat market searched for a low…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Will Plants Tell Us They are in Danger?
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]